ERC vs FINS: Correlation
Allspring Multi-Sector Income Fund (ERC) and Angel Oak Financial Strategies Income Term Trust (FINS) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERC and FINS?
On 3 years of weekly data the ERC/FINS correlation comes out at 0.64, strong. The link has tightened recently: the 1-year correlation (0.78) runs above the 3-year figure (0.64). The 5-year figure is 0.53, and annualized covariance runs at 53.0 %².
Within ERC's tracked universe of 22 assets, FINS comes in at #15 by 3-year correlation. Neither side won the trailing year by much: +6.7% against +6.2%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ERC vs FINS: side by side
| ERC (Allspring Multi-Sector Income Fund) | FINS (Angel Oak Financial Strategies Income Term Trust) | |
|---|---|---|
| 1-year return | +6.7% | +6.2% |
| 5-year return | +11.4% | +12.5% |
| Volatility (ann.) | 10.1% | 8.2% |
| Beta vs S&P 500 | 0.41 | 0.28 |
| Max drawdown (3Y) | -9.8% | -6.0% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | 9.7 | 7.6 |
| Dividend yield | 9.33% | 10.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ERC | FINS |
|---|---|---|
| 2022 | -17.8% | -18.2% |
| 2023 | +4.9% | +2.5% |
| 2024 | +6.1% | +18.3% |
| 2025 | +11.1% | +15.2% |
| 2026 | +5.8% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERC and FINS good diversifiers for each other?
Only partially. A correlation of 0.64 means ERC and FINS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ERC and FINS?
The ERC/FINS correlation stands at 0.64 on a 3-year window (1 year: 0.78, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is FINS a good diversifier for ERC?
Only partially. A correlation of 0.64 means ERC and FINS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/erc-vs-fins.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/erc-vs-fins/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ERC correlations · FINS correlations
